PRIME LOCATION in the City of Punta Gorda. This purchase includes the Building and Land ONLY. The building sits on . 84 of an acre. Located directly on North/South US Route 41 with approximately 307 ft. of frontage visibility and two separate access points; US 41 South and Vasco Street. Built in 2013 approximately 4300 +/- single level sq. ft. meeting the current hurricane codes with high impact hurricane proof windows and doors. Current use is a highly regarded restaurant seating for approximately 168 with an indoor and outdoor patio full bar. The outdoor patio dining/ bar area has a separate HVAC unit and screen closed with vinyl coverings. Other building features are various height ceilings, an abundance of natural lighting, an interior storage room, private office space, attached enclosed exterior storage (currently used for two walk-in coolers), and separated from the building an aesthetically appealing dumpster enclosure. This FREESTANDING building has endless possibilities, whether you are looking for a restaurant OR desire a custom remodel. Currently the site offers 42 parking spaces with handicap accessibility which is ideal for a Medical Office, Retail, Office Spaces, etc. Respectfully, please DO NOT contact current occupants or disturb during business hours.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,500,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,000,000 | $2,000,000 | $2,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 6.989% | 6.936% |
Monthly Tax Payment | $1,290 | $1,290 | $1,290 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $13,474 | $13,139 | $17,698 |
Total Monthly Payment | $14,889 | $14,554 | $19,113 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.